Odaily News: Bankless co-founder David Hoffman posted on X, stating, "We are now in altcoin season, and the real market moment is coming sooner than expected." It is reported that David Hoffman announced the liquidation of his ETH holdings on May 21, and subsequently bought VVV, NEAR, ZEC, HYPE, and LIT, all of which have significantly outperformed ETH.

1. Spot Bitcoin ETFs recorded total net inflows of $159 million yesterday, with only BlackRock's IBIT seeing net inflows;2. Spot Ethereum ETFs saw total net outflows of $39.2445 million yesterday, marking 3 consecutive days of net outflows;3. Robinhood upgrades its tokenized stock dividend mechanism, allowing dividend entitlements to be counted on the ex-dividend date;4. Bankless co-founder: NEAR is a generalized version of ZEC;5. Some mainstream meme coins on Robinhood Chain rebound, with SHROOM up over 60% in 24 hours;6. Cumulative trading volume surpasses $10 billion, with 80% of Robinhood stock token trading volume coming from Uniswap;7. Zcash plans to activate NU7 mainnet upgrade on November 5, shortening block time to 25 seconds while retaining the halving cycle;8. Lee Jae-myung acknowledges shortcomings of single leveraged ETFs but does not apologize for investor losses;9. Bolivia pledges to establish a virtual asset regulatory framework to prevent capital outflow through crypto markets;10. Robinhood Ventures Fund I invests $25 million in AI infrastructure company Crusoe;11. He Yi: Binance has no so-called "middlemen" or "listing fees," and will reserve airdrop allocations for users.

Odaily reports that Bankless co-founder David Hoffman posted on X platform, stating that NEAR is a generalized version of ZEC. He said that ZEC encrypts money, while NEAR encrypts business activities. Privacy-focused ZEC cannot cover other privacy needs in life, whereas NEAR can extend privacy capabilities to a broader range of scenarios.According to OKX market data, NEAR briefly rose to 3.503 USDT, now trading at 3.498 USDT, with a 24-hour gain of nearly 30%.

Odaily News DeFi researcher Ignas posted on X: "After David Hoffman (Bankless founder) sold his ETH, he reallocated his portfolio into some of the best-performing tokens, such as LIT and ZEC. NEAR also performed well, and only VVV underperformed the broader market. Although the market was full of fear, uncertainty, and doubt (FUD) at the time, and it was also very close to the ETH bottom, the goal of aggressive crypto investors has always been to outperform BTC and ETH. Well done, David."Previously reported, Bankless co-founder David Hoffman announced in June this year that he had sold all his ETH and bought VVV, NEAR, ZEC, HYPE, and LIT.

Odaily reports that Cordant, a stablecoin and digital asset financial infrastructure provider, has announced the completion of an $8 million seed funding round. Participating investors include Bankless VC, FJ Labs, SignalFire, Quona, Next Stage, Selah Ventures, Flatironx, Nascent Ventures, Silvercircle Ventures, and Generative Ventures. The new capital will support the company's introduction of new payment networks and AI automation tools. Cordant is collaborating with financial institutions on product development, covering banking, payments, embedded finance, cross-border transactions, stablecoins, and digital assets. Notably, Latin American digital asset and payment platform Bitso, as well as blockchain infrastructure company Paxos, have both invested and are serving as design partners. (Businesswire)

1. Bitcoin spot ETFs saw a total net inflow of $108 million yesterday, with BlackRock's IBIT leading at a net inflow of $80.8192 million.2. Ethereum spot ETFs saw a total net inflow of $53.83 million yesterday, with BlackRock's ETHA leading at a net inflow of $45.2916 million.3. CFTC prevents Kalshi from canceling sports event contract positions for Michigan users.4. Visa report states AI agent payments have entered the practical stage, with stablecoins being more suitable for high-frequency, low-value payments.5. Bankless founder responds to "selling ETH near the bottom": the current price has not yet reached his liquidation price.6. SK Hynix ADR and common shares on the Korean stock market will be open for exchange at the end of the month, but arbitrage trading may be difficult to implement.7. South Korea plans to include crypto assets in the scope of compensation for victims of telecom financial fraud.8. Tim Draper reveals reasons for missing the investment opportunity in Coinbase, believing it was too early for the crypto market to go mainstream.9. RWA perpetual contract trading volume hit an all-time high in June, exceeding $100 billion for the first time.10. Goldman Sachs raises Robinhood price target again to $137.11. Floating losses on South Korean individual stock leveraged ETFs have expanded by over 8.8 trillion won in nine days.

Odaily In May of this year, Bankless founder David Hoffman publicly announced on the X platform that he had liquidated all of his ETH holdings.Due to ETH's recent strong price performance, some community users posted remarks teasing David for "selling ETH at the exact bottom." David Hoffman responded by saying: "Stop saying that. The current price of ETH is lower than my liquidation price."

Odaily News Bankless founder David Hoffman stated that despite ongoing geopolitical tensions, oil prices remain relatively low, which may indicate that the market is gradually adapting and reducing its reliance on key energy routes. He posted on the X platform: "After all this, oil prices are still low. Perhaps the importance of the Strait of Hormuz is being permanently diminished because the market is shifting towards other routes to bypass this chokepoint."The market believes that the global energy supply chain may be reducing its dependence on a single strategic waterway through diversified transportation routes, alternative supply channels, and infrastructure adjustments.

Odaily reported that Bankless founder David Hoffman posted on X, expressing regret for not buying more Lighter (LIT).Hoffman explained that the logic behind investing in Lighter is simple:1. Exchanges have always been the best business model in the crypto industry;2. Perpetual contracts are still a brand-new track, far from reaching maturity;3. Building an exchange based on zkL2 is currently the structurally optimal solution, offering high security, low operating costs, and high profit margins;4. The product itself is also the strongest on the market, with the lowest latency, the lowest execution costs, and full transparency;5. The engineering team is highly capable, having solved all the technical challenges;6. The company is headquartered in the United States, operates in compliance, and this market remains a largely untapped blue ocean;7. It also serves as an option betting on the "Tokenization of compliant assets";8. Founder Vlad is in the right circles, knows the right people, and has the ambition to do great things.

1. "White Hair Stock God" Serenity: OE Solutions may be one of the most reasonable M&A targets in the optical communication field;2. Yen exchange rate approaches its lowest level in approximately 39 and a half years;3. Visa's Q2 revenue reached $11.2 billion, a year-on-year increase of 17%, and the annualized scale of its stablecoin settlement pilot reached $7 billion;4. Hut 8 agrees to pay $2.35 million to settle investor class-action lawsuit;5. South Korean court orders Cross Finance to compensate Coinone approximately $234,000;6. He Yi: CoinUp operator Zhu Pan once impersonated another person to scam her, and also impersonated her to scam Justin Sun;7. Bankless co-founder, who has fully exited ETH, expresses support for Ethlabs, stating it "represents the brightest future for Ethereum";8. An address that has received a total of 425 million ONDO tokens obtained another 150 million ONDO transferred from the Ondo team's multi-signature wallet 8 hours ago;9. ETF Store President: Cboe is considering converting Bitcoin and Ethereum continuous futures into perpetual futures;10. Goldfinch community proposal enters maintenance mode and gradually liquidates Prime business, current approval rate stands at 100%;11. a16z Crypto: The crypto industry has entered the "Show Me" era, where merely having a vision is no longer enough to survive.